Austrian downgrades full-year outlook as first-quarter loss widens,

Austrian Airlines Group's first-quarter loss widened to €80.8 million ($104.3 million) from €47.9 million a year ago. The 2005 period was marked by load factor weakness, overcapacity and extremely high fuel costs, while "December's disastrous tsunami. . .proved to be a terrible continuation of the series of external shocks to which the Austrian Airlines Group has been repeatedly exposed in recent years," the carrier explained. CEO Vagn Soerensen said that based on the current ...

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